845 Los Robles Avenue, Palo Alto, California 94306, Palo Alto, 94306 - 3 bed, 2 bath
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845 Los Robles Avenue
Palo Alto, California 94306
ACTIVE
CONDITION: TEAR DOWN
3Beds
2Baths
2,095Sq Ft
17,800Lot Size
Property Price
LIST PRICE$4,890,000
EST. MARKET VALUE
$5,031,731
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $4,890,000—positioned well below the $5,031,732 Fair Market Value by 2%. This valuation gap offers $141,732 in Instant Equity for buyers. With a Condition Rating of 6, the home is currently a shell, providing a blank canvas for a custom luxury estate on a rare 0.41-acre lot. Zoned for Top-Rated Schools like Henry M. Gunn High, this is an ideal acquisition for Real Estate Developers or Owner-Occupants seeking a total reconstruction project.
Estimated Market Value
$5,031,731
Based on Realkey algorithm analyzing recent comparable sales in Palo Alto.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 845 Los Robles Avenue Subject | $4,890,000* List Price | 3 | 2 | 2,095 | $2,402 | - |
A 3511 La Mata Way Active | $4,988,000 List Price | 3 | 2 | 1,794 | $2,780 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1938 and currently unlivable, the property has been gutted to the framing with no kitchen, bathrooms, or functional systems remaining. It is being marketed as a lot for new construction or a total reconstruction project.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17800, living area = 2095.
- Great Schools
High School: Henry M. Gunn High School (9/10).
- Expansive Lot Size
The rare 0.41-acre (17,800 sqft) rectangular lot provides a massive canvas for a custom luxury estate or significant expansion in a high-demand Palo Alto neighborhood.
CONSRISKS & DEFICIENCIES
- Incomplete Construction
The home is currently in a 'shell' state with only framing remaining, requiring a substantial investment of time, permitting, and capital to make the structure habitable.
- Premium Acquisition Cost
With a list price of $4.89M for a non-functional residence, the high entry cost combined with current construction expenses may limit the pool of potential buyers to high-net-worth investors or developers.
About 845 Los Robles Avenue
Rare opportunity to own a remarkable 0.41-acre property in the sought-after heart of Barron Park. The expansive, rectangular lot sits on a peaceful, tree-lined street and offers exceptional potential to remodel the existing home or create a stunning custom residence. Enjoy a coveted lifestyle just moments from schools and parks, with effortless access to El Camino Real, downtown Palo Alto, downtown Los Altos, and Stanford Shopping Center. Ideally located near Stanford University and leading Silicon Valley technology companies.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1938
- Lot Size
- 17,800 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palo Alto Unified Schools
Juana Briones Elementary School
Grades K-5 • 0.1 mi
7/10
Barron Park Elementary School
Grades K-5 • 0.3 mi
7/10
Terman Middle School
Grades 6-8 • 0.5 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,095 | 1,689.34 |
| Lot Size | 17,800 | 7,261.56 |
| Price | $4.89M | $3.84M |
| Price per sq ft | $2.3K | $2.2K |
| Built year | 1938 | 1951 |
| HOA | $0 | $0 |
| Days on market | 9 | 30 |
Pricing History
Listed for Sale
Aug 31, 2026
$4,890,000
Initial Listing
Sold
Jun 3, 2020
$3,300,000
Public Record